gold prospect clr holding & valuation.

Just out of curiosity please find below my back of the envelope calculation for WAL.

March Holding in CLR Shares 55,512,710 @ $0.64 = $9.869 Mil.
Company offices $1.131 Mil.
50% winery etc Valuations from $8.0 Mil to $17 Mil say $4.0 Mil.
Positive Gold prospect in Indonesia say $ NIL.
Coal Tenements in QLD Say $ NIL.

Total $14.998 Mil.
Shares on Issue 55,512,710
Valuation $0.27 cents per share.

Current share price $0.10.

Considering CLR has dropped from over $1.00 and it has been suggested that CLR is a takeover target also the Indonesian gold project I see WAL as a frustrating HOLD.

Any comments please.

Please DYOR.